Special Supplement: Cash Management - New Routes Via The Web - In Recent Years, Most Innovation In Cash Management Has Been In Online Banking, Driven By Telecommunications And Desktop Computing Technologies, Says Lakshmi Balasubramanian Of Infosys.

Banker, The, October, 2004 by Balasubramanian, Lakshmi

A number of market forces have influenced the move towards Web-Based Cash Management Solutions (WBCMS). In Europe, initially banks started by leveraging the investments already made on the retail side. But investment in the corporate banking arena is slowly gaining ground and there are several factors behind that increase.

As a channel, the internet is much cheaper than other electronic channels such as value-added networks (VAN). WBCMS allows customers to input transactions, transfer funds, modify accounts, download statements and handle analysis and reconciliation of their accounts, thereby reducing the load on other channels like the branch and tele-banking and thus reducing costs.

Cost cutting

The introduction of regulation 2560/2001 on...

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